The DBS Absolute Return Fund is the first of this asset class to be launched by the bank for the Singapore retail market and, DBS says, it will be followed by a series of alternative investment solutions for investors
The fund will be managed by DBS Asset Management and will be offered to both retail and institutional investors in Singapore The minimum subscription is either S$5000 for the capital guaranteed version or $S20,000 for the non-guaranteed option The guaranteed version has a tenure of seven years
US-based Ivy Asset Management will act as the fund's advisor The fund will invest in 20 underlying managers, mainly long short equity managers but also special situations and...
